Susquehanna Sticks to Its Hold Rating for HEICO (HEI)
In a report released today, Charles Minervino from Susquehanna maintained a Hold rating on HEICO, with a price target of $321.00.
Easter Sale - 70% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
According to TipRanks, Minervino is a 5-star analyst with an average return of 14.3% and a 61.32% success rate. Minervino covers the Energy sector, focusing on stocks such as TechnipFMC, Baker Hughes Company, and Devon Energy.
In addition to Susquehanna, HEICO also received a Hold from Wells Fargo’s David E. Strauss in a report issued on April 1. However, on April 2, Citi assigned a Buy rating to HEICO (NYSE: HEI).
Based on HEICO’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.18 billion and a net profit of $190.19 million. In comparison, last year the company earned a revenue of $1.03 billion and had a net profit of $167.96 million
Based on the recent corporate insider activity of 24 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HEI in relation to earlier this year.
Read More on HEI:
Disclaimer & DisclosureReport an Issue
- Heico’s Electronic Technologies acquired 90% of Southwest Antennas
- Heico’s Flight Support Group acquires 80% of stock of Sherwood Avionics
- Heico price target lowered to $323 from $400 at Citi
- Disney upgraded, Nike downgraded: Wall Street’s top analyst calls
- Heico initiated with an Equal Weight at Wells Fargo
